Recent News

Equinox Gold closes $75M (U.S.) in financings

October 12, 2018 / www.stockwatch.com

Mr. Christian Milau reportsEQUINOX GOLD CLOSES US$75 MILLION EQUITY FINANCING FOR ACQUISITION OF MESQUITE GOLD MINEFurther to the news release dated Sept. 19, 2018, announcing the company's intention to acquire the Mesquite gold mine in California, Equinox Gold Corp. has closed the brokered and non-brokered private placements of subscription receipts at a price of 95 cents per subscription receipt...Read More

Equinox Gold closes $75M (U.S.) in financings

October 12, 2018 / www.stockwatch.com

Mr. Christian Milau reportsEQUINOX GOLD CLOSES US$75 MILLION EQUITY FINANCING FOR ACQUISITION OF MESQUITE GOLD MINEFurther to the news release dated Sept. 19, 2018, announcing the company's intention to acquire the Mesquite gold mine in California, Equinox Gold Corp. has closed the brokered and non-brokered private placements of subscription receipts at a price of 95 cents per subscription receipt...Read More

METALS-Aluminium breaks six-session losing streak as markets recover

October 12, 2018 / www.kitco.com

* Aluminium holds above band of technical support * Shanghai zinc inventories jump 48.5 pct over two weeks (Updates with closing prices)By Eric OnstadLONDON, Oct 12 (Reuters) - Aluminium rebounded on Friday,breaking a six-session losing streak, as speculators andconsumers regarded the lower prices as good value against abackground of recovering share markets.The metal touched a two-week low on Thu...Read More

FOREX-Dollar recovers as equity sell-off eases

October 12, 2018 / www.kitco.com

* Dollar recovers as equities gain, Fed hikes in focus * Euro declines as ECB's Draghi moderates inflation outlook * Yen, Swiss franc attract modest safe-haven demand * Graphic: World FX rates in 2018 (Adds detail, updates prices)By Tom FinnLONDON, Oct 12 (Reuters) - The dollar edged up on Friday,reflecting investor confidence in the U.S. economy, despitecriticism by President Donald Trump of the...Read More

PRECIOUS-Gold pulls back from two-month highs as stocks rebound

October 12, 2018 / www.kitco.com

* Spot gold on track for biggest weekly gain in seven * Could extend gains to $1,237/oz -technicals * Palladium off eight-month highs hit on Thursday (Updates prices, adds comment.)By Sethuraman N RBENGALURU, Oct 12 (Reuters) - Gold fell on Friday,retreating from two-month highs hit in the previous session, asglobal equity markets recovered some poise after dramaticlosses. Spot gold was down 0.4 p...Read More

Canada's Rusoro Mining reaches $1.3B deal with Venezuela

October 12, 2018 / www.mining.com

Canadian junior Rusoro Mining (TSX-V: RML), which in March scored a major victory in its international arbitration complaint against Venezuela, has accepted the almost $1.3 billion offered by the country's government as settlement for the seizure of the company's gold projects.The deal gives Venezuela Rusoro's mining data and forces it to fully release the arbitral award issued in favour of the mi...Read More

Canada's Rusoro Mining reaches $1.3B deal with Venezuela

October 12, 2018 / www.mining.com

Canadian junior Rusoro Mining (TSX-V: RML), which in March scored a major victory in its international arbitration complaint against Venezuela, has accepted the almost $1.3 billion offered by the country's government as settlement for the seizure of the company's gold projects.The deal gives Venezuela Rusoro's mining data and forces it to fully release the arbitral award issued in favour of the mi...Read More

Canada's Rusoro Mining reaches $1.3B deal with Venezuela

October 12, 2018 / www.mining.com

Canadian junior Rusoro Mining (TSX-V: RML), which in March scored a major victory in its international arbitration complaint against Venezuela, has accepted the almost $1.3 billion offered by the country's government as settlement for the seizure of the company's gold projects.The deal gives Venezuela Rusoro's mining data and forces it to fully release the arbitral award issued in favour of the mi...Read More

Germany says it will only assess Italy's budget once Rome presents it to EU

October 12, 2018 / www.kitco.com

BERLIN, Oct 12 (Reuters) - The German government will onlyassess Italy's budget plans once Rome has submitted them toBrussels, a spokeswoman for the German Finance Ministry said onFriday.The Italian government has already issued the financialtargets that will provide the framework for its budget, drawingfire from the European Commission for plans to triple theprevious fiscal deficit goal for 2019....Read More

UPDATE 1-G20 fails to mend trade rift, chair urges protagonists to resolve disputes

October 12, 2018 / www.kitco.com

* G20 can only provide platform for talks on trade -chairman * Adds members must resolve trade frictions themselves * Japan wants to put global imbalance on next year's G20agenda (Adds quotes, detail)By Leika Kihara and Yawen ChenNUSA DUA, Indonesia, Oct 12 (Reuters) - Trade tensionswithin the Group of 20 leading industrialised and emergingeconomies could only be solved by the countries directlyin...Read More

Russian rouble up thanks to high oil prices and weaker dollar

October 12, 2018 / www.kitco.com

MOSCOW, Oct 12 (Reuters) - The Russian rouble firmed to itsten day high supported by a recovery in oil prices and weakerU.S. dollar that was pressed by declining U.S. treasury yieldsand a sell-off on the global markets.At 0756 GMT, the rouble was 0.46 percent stronger againstthe dollar at 65.96 , hitting its highest levelsince Oct. 3 at 65.85, and had gained 0.41 percent to trade at76.50 versus th...Read More

Temporary period needed between Brexit transition and long-term deal- UK's Hammond

October 12, 2018 / www.kitco.com

LONDON, Oct 12 (Reuters) - Britain will need a period ofcontinuity after the Brexit transition ends and before along-term partnership negotiated between London and Brusselscomes into force, Britain's finance minister said on Friday."We're not going to remain in anything indefinitely," PhilipHammond told Bloomberg Television on the sidelines of anInternational Monetary Fund meeting in Bal...Read More

Lynas jumps after its critic in Malaysian Gov't leaves review team

October 12, 2018 / www.mining.com

Shares in rare earths producer Lynas Corporation (ASX:LYC) climbed on Friday, closing 9.2 percent higher, after the Malaysian minister in charge of a committee reviewing the miner's plant offered to step down following criticism that she would not be impartial.Deputy Minister to the Prime Minister's Office Fuziah Salleh, a long-standing critic of Lynas' plant, said she didn't want to be used by...Read More

Lynas jumps after its critic in Malaysian Gov't leaves review team

October 12, 2018 / www.mining.com

Shares in rare earths producer Lynas Corporation (ASX:LYC) climbed on Friday, closing 9.2 percent higher, after the Malaysian minister in charge of a committee reviewing the miner's plant offered to step down following criticism that she would not be impartial.Deputy Minister to the Prime Minister's Office Fuziah Salleh, a long-standing critic of Lynas' plant, said she didn't want to be used by...Read More

October 12, 2018 / www.fxempire.com

Christopher Lewis22 hours agoSilver markets were extraordinarily bullish during the trading session on Thursday, as we reached towards the $14.50 level. That’s an area that of course will offer a lot of support and resistance, as we had sold off from that area rather drastically, but we had a little bit of a pullback only to turn around and slam back into it. If we can clear the impulsive c...Read More

South African rand firmer ahead of Moody's rating decision

October 12, 2018 / www.kitco.com

JOHANNESBURG, Oct 12 (Reuters) - The South African randfirmed against the globally hobbled dollar early on Friday aheadof the country's credit review announcement by ratings agencyMoody's later in the day.* The rand was 0.85 percent stronger at 14.5100 perdollar at 0650 GMT, having closed in New York at 14.6350. * The rand is expected to trade between 14.3500 and 14.7000to thedollar on Friday, NKC...Read More

Gold backs off from 10-week high, 100-day EMA is the level to beat for the bulls

October 12, 2018 / www.fxstreet.com

Gold is flashing red in Asia, possibly due to an uptick in the US equity index futures. The oversold safe haven found love this week as the sell-off in the US equities triggered a flight to safety. Technically speaking, the metal's bull breakout would gain more credence above the 100-day exponential moving average (EMA). Gold is losing altitude in Asia, having clocked a ten-week high of...Read More

Forget Russia: Could This Hurt the GOP in November?

October 12, 2018 / www.schaeffersresearch.com

Is a "Blue Wave" building?Something strange is happening in America.Millions of Americans are furious - and this time, they're taking their anger out on Republicans.All across America, 45 Republicans have lost elections during Trump's presidency in places they shouldn't have possibly been able to lose... even in districts where Trump won in a landslide and remains popular.In the last few months al...Read More

5 Questions With Peter Mackay, President and CEO of Venzee

October 12, 2018 / kincommunications.com

Venzee Technologies (VENZ:TSXv) has recently announced another channel partnership. And as Company continues to execute these technology partnerships I thought it was important to sit down with Peter Mackay, President of Venzee, to discuss who their channel partners are and what Venzee does to enhance the existing digital supply chain software. The digital supply chain is an enormous business and...Read More

IMF: too many euro zone countries not using good times to cut debt

October 12, 2018 / www.kitco.com

NUSA DUA, Indonesia, Oct 12 (Reuters) - Too many euro zonecountries are missing the opportunity to reduce debt now, wheneconomic growth is good, to prepare for the next economicdownturn, the head of the International Monetary Fund's Europeandepartment Poul Thomsen said."Fiscal policy has been insufficiently counter-cyclical,"Thomsen told a news conference at the IMF's annual meetings inB...Read More

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